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Hong Kong shares close lower on continuing Iraq uncertainty.
(From Business Daily Update)
Author: Hong Kong share prices closed 0.99 percent lower on March 13 with investors continuing to focus nervously on the situation in Iraq, dealers said. Two stocks which have announced generous dividends -- CITIC Pacific and HKEx -- outperformed the broader market, they added. The key Hang Seng index lost 87.54 points to close at 8,787.45 on trade of HK$6.05 billion (US$777 million). Kim Eng Securities senior sales manager Simon Tam said continued concerns over the situation in the Middle East sent the benchmark index lower. "The index is likely to stay above the 8,700-point level in the immediate term," Tam said but sentiment would …
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